VISO Trust Secures $7 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span> <&sol;strong>&&num;8212&semi; VISO TRUST&comma; a provider of AI-powered third-party risk management &lpar;TPRM&rpar;&comma; announced the closing of its latest funding round of <span class&equals;"xn-money">&dollar;7 million<&sol;span> in additional funding&comma; bringing the total raised to <span class&equals;"xn-money">&dollar;24 million<&sol;span>&comma; with participation from both existing investors&comma; Bain Capital Ventures&comma; Work-Bench&comma; Sierra Ventures&comma; and Lytical Ventures&comma; and new investors&comma; Allstate Strategic Ventures&comma; Cisco Investments&comma; EnvisionX Capital&comma; and Scale Asia Ventures&period;<&sol;p>&NewLine;<p>This funding will further VISO TRUST&&num;8217&semi;s mission to transform TPRM through an adaptive AI-driven platform&comma; bringing enhanced security intelligence and seamless third-party risk management to enterprises worldwide&period;<b><&sol;b><&sol;p>&NewLine;<p>VISO TRUST&&num;8217&semi;s AI-powered platform delivers real-time&comma; evidence-based assessments by intelligently collecting&comma; analyzing&comma; and continuously monitoring artifacts from vendors&period; This approach removes friction for vendors&comma; eliminates the manual analysis burden for TPRM professionals&comma; and enables comprehensive&comma; high-quality assessments&period; The platform analyzes control presence&comma; testing methodologies&comma; exceptions&comma; Nth-party references&comma; and more&comma; allowing security teams to focus on strategic initiatives&period;<&sol;p>&NewLine;<p>VISO TRUST&&num;8217&semi;s AI-driven automation platform has become the industry benchmark for third-party risk management for industry leaders like Upwork&comma; Instacart&comma; Notion&comma; and Bain Capital&period; By leveraging intelligent automation&comma; VISO TRUST reduces vendor assessment and onboarding time by up to 90&percnt;&comma; cutting TPRM hours to mere minutes per vendor and enabling enterprises to achieve comprehensive risk management at scale&period; With rapid assessments completed in just 5-7 days and a remarkable 98&percnt; vendor adoption rate&comma; the platform empowers organizations to make informed&comma; proactive risk decisions&period;<&sol;p>&NewLine;<p><b><span class&equals;"xn-person">Paul Valente<&sol;span>&comma; CEO of VISO TRUST&comma; said&colon; <&sol;b>&&num;8220&semi;We&&num;8217&semi;re excited to assemble a set of complementary and deep tech investors to advance our mission of transforming third-party risk management&period; This funding will enable us to accelerate the innovation of our platform&comma; creating a robust ecosystem that integrates security intelligence and aligns with today&&num;8217&semi;s complex business workflows&period;&&num;8221&semi;<&sol;p>&NewLine;